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PPP Loan Data — Lucas Associates Inc,
Atlanta, GA
Lucas Associates Inc
Entity: Not Reported
Industry: Executive Search Services
Location: Atlanta, GA
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Lucas Associates Inc is a located at 950 East Paces Ferry Ne in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $6,000,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-01Lender:
FIFTH THIRD BANKLucas Associates Inc in Atlanta, GA received a Paycheck Protection Loan of $6M through FIFTH THIRD BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Lucas Associates Inc's total 2019 payroll expenses were approximately $28.8M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $57,600 per employee1.
Business Information - Lucas Associates Inc in Atlanta, GA
950 East Paces Ferry Ne
Atlanta, GA 30326
Business Industry
Executive Search Services (NAICS code 561312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-05Similar Companies near Atlanta
In the Atlanta area, 5 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 187 employees (compared to this company's 500) and received an average PPP loan of $1,608,847 (compared to this company's $6M).
Similar Nearby Businesses Who Received PPP Funding:
Lucas Associates Temps, Inc.
Atlanta, GA
The Monty Group LLC
Atlanta, GA
AMS Locums LLC
Atlanta, GA
Assurgent Medical Solutions Ll
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 4,499 businesses in the "Executive Search Services" industry received a total of $602,770,500.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 98% lower than Lucas Associates Inc's reported 500 employees, and received an average PPP loan of $133,979, 98% lower than this company's loan of $6M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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